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20100101
20100131
Search Results 0 to 9 of about 10 (some duplicates have been removed)
to the interest rate. in the united states, edit cards have functioned within system wre it's legal for card issue to charge any fee or any intert rate they want thout limits. >> the cret card industry has always been the wild west. the card issuerseld all the cards. they could do anythi they want-- $39 late fees and $ over-limit fees; 30% interes rates. d yes, it got crazy. competition ramped up to suca vel that it created an industry tt was out contl. >> bergman: the indury got out control because, over the last 30 years, regulatns on bas and consumer lending that d been in place since the great deession were steadily eliminated. the cops left the streets. there was no one on thbeat. >> bergman: chstopher dodd of connecticut is the chrman of the senate nking committee. >> where werthe regulators in all of this? >> bergm: he says that, for decades, both republicans an decrats voted for deregulation. >> look, ioted for it. >> bergman: u voted for the deregulation? >> yes. but we were wrong. and thmessage out there to the nancial industry was, "go aheaand do what you want. the mark will take care
been allowed to ma these suen changes to the interest rate. in the united states, crit rds have functioned within a system whe it's legal for card issuerso charge any fee or any interesrate they want wiout limits. >> theredit card industry has always been e wild west. the card issuers hd all the cards. they could do anythinghey want-- $39 late fees and $35 er-limit fees; 30% interest tes. anyes, it got crazy. mpetition ramped up to such lel that it created an indust that was out of contro >> bergman: the dustry got t of control because, over t last 30 years, regulatio on bankand consumer lending that had been in place since th greadepression were steadily eliminated. >>he cops left the streets. there was no one on the at. >> bergman: chriopher dodd of connecticut is the chaian of the senate baing committee. >> where were e regulators in all of this? >> bergmanhe says that, for cades, both republicans and demoats voted for deregulation. >> look, i ved for it. >> bergman: yovoted for the deregulation? >> yes. but we were wrong. and the ssage out there to the fincial industry was,
we played outsiduntil dark. vich: to us, the president of the united states was the yor. the congre was the city council. everything, thought, in life was the yor. was controlled downtown at the government agencies and on capit hill. colbert king: we all sorof had a feeling that this was t the way it was always gointo be, that somehow it coulchange, but toward wha i can't say really knew. [frank satra singing high hes] john kennedy: preserveprotect and defe the constitution of the united ates. earl warren: so help you god kennedy:o help me god. narrator: for many t feeling change was on s way came from kennedy's elecon, and itpromise of a more integred and cosmopolitan cy. natra: ♪ ...just remembe that ant ♪ povich: i grew up in whington, and i knew thi- this was a town of southern whites ansouthern blacks. southern congrsmen, cause they had the tenure icongress, all their ite constituents uld get all these jobs washington, d.c., so there is huge influ and the was a huge influx ofouthern blackses, because this was theity closest to them that they cod get jobs becausthe governm
iranians, in fact, that their biggest threat now was no longer the great satan, the united states, it was no longer external threats. but that the biggest threat to the regime, really, was coming from inside iran. >> narrator: its legitimacy now in question, the regime brought out its loyalists. it was an impressive show of strength for a president who claimed overwhelming support, and dismissed the protestors as "dirt and dust." >> ahmadinejad is a blacksmiths' son, and he is, at heart, a socialist. he wanted to be able to help the people, and so an awful lot of people, you know, voted for him. it's perfectly natural. ( cheers ) >> narrator: nader mokhtari is a columnist for a hard-line newspaper who blames the violence on opposition leader moussavi. >> if he had not said the election had been rigged, without any evidence, substantial evidence, none of this would have happened. that's rabble rousing. we're not going to give up iran because mr. moussavi has lied we will not give up iran, because we paid such a heavy price to have it, and this is the voice of the majority of irania
,o the surprise of many iranians, in fact, th thr biggest threat now was no longer t great satan, the united states, it was longer external teats. but th the biggest threat to the reme, really, was coming fr inside iran. >> narrator:ts legitimacy now in question, the regime brought out its lolists. it was an impressivehow of stngth for a president who claimed overwhelming support and dismissed the prestors as "dirt and dust." >> ahmadinejad is a blksmiths' son, and his, at heart, a socialist. he wanted to bable to help the people, and so an awful lot people, yoknow, voted for him. it'serfectly natural. ( cheers ) >> nrator: nader mokhtari is a coluist for a hard-line newspaper who ames the violencen opposition leader moussavi. >> if had not said the election had beerigged, witht any evidence, substantial idence, none of this would have ppened. that's rabble rousing. we're not going toive iran because mrmoussavi has lied we will not give up ir, becauswe paid such a heavy price to have it, and this i the voice the majority of iranians. >> narrator: it was rning into a r of numbers. the opp
Search Results 0 to 9 of about 10 (some duplicates have been removed)